By Richa Naidu LONDON (Reuters) – Unilever said on Thursday it expects a “consumption boom” in China as lockdowns ease,…
Siemens stock takes off on guidance upgrade, earnings beat
By John Revill ZURICH (Reuters) – Siemens shares surged on Thursday after the engineering company upped its full year sales…
Siemens investors push for simpler group structure to unlock value
ZURICH (Reuters) – Siemens shareholders have called on the engineering company to simplify its structure by selling its stake in…
ArcelorMittal expects to increase steel shipments by 5% in 2023
BRUSSELS (Reuters) – ArcelorMittal, the world’s second-largest steelmaker, on Thursday said it expects its steel shipments to increase by around…
S. Korea fines German automakers for colluding to curb emissions-cleaning technology
By Hyunsu Yim SEOUL (Reuters) -South Korea’s anti-trust regulator said on Thursday it would impose a combined fine of 42.3…
German EU-harmonised January consumer prices rise 9.2% y/y
By Maria Martinez BERLIN (Reuters) – German consumer prices, harmonised to compare with other European Union countries, rose by a…
Airbus urges suppliers to carry extra stocks amid output snags
By Valerie Insinna SEATTLE (Reuters) – Airbus laid down the law to its stretched supply chain on Wednesday, with a…
Airbus may appoint interim CFO as Asam prepares to step down
PARIS (Reuters) – Airbus is drawing up a stop-gap succession for the role of chief financial officer after struggling to…
Dominant Russian lender Sberbank’s profits rise 9.8% y/y in Jan
By Alexander Marrow MOSCOW (Reuters) – Russia’s largest lender Sberbank said on Thursday its January net profit rose 9.8% year-on-year…
Some European firms may reverse last year’s big price hikes
By Joice Alves and Padraic Halpin LONDON (Reuters) -Some companies in Europe have said they may unwind price hikes introduced…